Price Action That Matters

[Mr_B_A_Barracus]

[QUOTE=“krugman25;615470”] My business trip is being extended out another 5 days, so I may be spending the weekend in a hotel by myself. If that is the case then I will probably write an inside bar tutorial for the thread. We can use that tutorial to put boundaries on what type of IB setups can be posted here, and people can start putting their arms around the pattern. I did notice there was an IB/Pin bar combo on daily gold and also Coiling IB/Pin bar on the H4 charts on gold, which is a highly probable continuation pattern. In the right context they can certainly be great setups to take.[/QUOTE] Hi mate That would be great, I have to admit to being highly sceptical of inside bars to begin with but maybe played correctly with strict conditions I believe they can be good signals. I have found it difficult to gauge what Adams method is but have been studying them from other sources. When I saw the 4hr set up on gold you just mentioned I decided I had to take it to see what happens. I still mainly look for pin bars and engulfing bars at good levels but I’m also open to learning more about inside bars and whether they can be profitable for me in the long term.

[darthfrancis]

My business trip is being extended out another 5 days, so I may be spending the weekend in a hotel by myself. If that is the case then I will probably write an inside bar tutorial for the thread. We can use that tutorial to put boundaries on what type of IB setups can be posted here, and people can start putting their arms around the pattern.

I did notice there was an IB/Pin bar combo on daily gold and also Coiling IB/Pin bar on the H4 charts on gold, which is a highly probable continuation pattern. In the right context they can certainly be great setups to take.

It sounds so mysterious when someone says “business trip” in my head it sound like your making an arms deal with Iranian gun smugglers lol. I’ve been following adam’s IB method and it wasn’t until I saw how well he played them that I took them seriously. I played the GBPAUD IB D1 on friday and made 7.5% on it and funny thing it when price started to stall yesterday I jumped ship and price has gone on to hit my original tp and then on my way to tp2. But that beside the point. I hope you do get a chance to writ a piece on it Aaron. As a good friend said to me the “more you learn the more you earn”

'Best

Darthy baby

[Mr_B_A_Barracus]

[QUOTE=“darthfrancis;615477”] It sounds so mysterious when someone says “business trip” in my head it sound like your making an arms deal with Iranian gun smugglers lol. I’ve been following adam’s IB method and it wasn’t until I saw how well he played them that I took them seriously. I played the GBPAUD IB D1 on friday and made 7.5% on it and funny thing it when price started to stall yesterday I jumped ship and price has gone on to hit my original tp and then on my way to tp2. But that beside the point. I hope you do get a chance to writ a piece on it Aaron. As a good friend said to me the “more you learn the more you earn” 'Best Darthy baby[/QUOTE] HAHA That’s great news about Adams inside bar method Darth, it sounds like its a profitable one. I would like to learn more about it, I couldn’t work out his system from the videos. Adam, any chance you can post something clearer on this, ie what qualifys the trade? Any rules you stick to? Time frames, trade management in regards to moving your stop to break even etc, kind of like Aaron’s guidelines on the first page of this thread.

[aujla17]

Hey Panupat,

I am also from FSO (DesiBaba there), I know waiting sucks because daily levels take a while to reach on intraday.

Could you pm me the link to the TMS as I saw there are many approaches to doing it. It looks interesting as I can apply the PA methods from this thread and fso and use TMS to get into ‘simpler’ trades

Thanks!

@auj

For daily trade I use primarily Johnathon’s method - Marking key horizontal levels and look for entries from such levels. For intraday I’m trying to apply more to my trading using couple different things to look for key levels. Trend line, EMA, price channel mainly. I’m also following TMS @ forex factory.

And yes I do use cTrader.

For intraday I draw levels and channel from H4, too. Daily level alone wouldn’t give me much chance to enter.

[adamjn]

Yes, I never give signals, hence the reason I post 99% of the setups after I take them. I don’t like the fact that I could be responsible for peoples losses.

Yes, the pattern, I am not sure what it is called, technically now a H&S, but eh lol. I will make a video tomorrow and explain what I said I would along with the pattern. I might also make a new thread, too tired to do it now, been busy with non trading related things today, while shelling on the go on my phone haha. I will also post about those setups I took today while out and give them a rating

You introduced a pattern to the thread that had never been discussed before, so it’s especially important to give detailed analysis while people are learning it, but in reality all of the trades posted here are to be for educational purposes not as trading signals.

[adamjn]

The GBPAUD trade I told ya to take and you closed out early cos someone got scared haha. Jokes mate, better safe than sorry in-case that gap got filled. Still shelling on it

I will post about that one tomorrow too also.

It sounds so mysterious when someone says “business trip” in my head it sound like your making an arms deal with Iranian gun smugglers lol. I’ve been following adam’s IB method and it wasn’t until I saw how well he played them that I took them seriously. I played the GBPAUD IB D1 on friday and made 7.5% on it and funny thing it when price started to stall yesterday I jumped ship and price has gone on to hit my original tp and then on my way to tp2. But that beside the point. I hope you do get a chance to writ a piece on it Aaron. As a good friend said to me the “more you learn the more you earn”

'Best

Darthy baby

[adamjn]

Yeh, I will post something about it tomorrow, been pretty busy past few days…

But yeh, profitable

MM is key to the success of this method and also multiple timeframe analysis.

Anyway, I will stop spamming Aaron thread with these short posts and post something worth while tomorrow afternoon possibly in a new thread.

HAHA That’s great news about Adams inside bar method Darth, it sounds like its a profitable one. I would like to learn more about it, I couldn’t work out his system from the videos. Adam, any chance you can post something clearer on this, ie what qualifys the trade? Any rules you stick to? Time frames, trade management in regards to moving your stop to break even etc, kind of like Aaron’s guidelines on the first page of this thread.

[Mr_B_A_Barracus]

[QUOTE=“adamjn;615589”]Yeh, I will post something about it tomorrow, been pretty busy past few days… But yeh, profitable MM is key to the success of this method and also multiple timeframe analysis. Anyway, I will stop spamming Aaron thread with these short posts and post something worth while tomorrow afternoon possibly in a new thread. [/QUOTE]

Cheers Adam, you’ve got me very interested in this now, especially the MM side of things. From some of your other posts I’m guessing you play inside bars pretty tightly and will look forward to learning more about this.

[Jason_Rogers]

What is troubling is such tick volumes vary widely among brokers, even among different platforms within the [B]same [/B]broker. Example, FXCM’s MT4 shows different volume info from their Trading Station.

Hi Henry, a recent update to how tick volume is counted on Trading Station means that going forward it will look similar to the way it appears on MT4.

[krugman25]

Yes, I never give signals, hence the reason I post 99% of the setups after I take them. I don’t like the fact that I could be responsible for peoples losses.

Yes, the pattern, I am not sure what it is called, technically now a H&S, but eh lol. I will make a video tomorrow and explain what I said I would along with the pattern. I might also make a new thread, too tired to do it now, been busy with non trading related things today, while shelling on the go on my phone haha. I will also post about those setups I took today while out and give them a rating

I genuinely want to hear how the cow is doing.

haha.

[Mr_B_A_Barracus]

[QUOTE=“krugman25;615603”] I genuinely want to hear how the cow is doing. haha.[/QUOTE]

Haha Me too! How’s he/she doing?

[Panupat]

Yes, I never give signals, hence the reason I post 99% of the setups after I take them. I don’t like the fact that I could be responsible for peoples losses.

Hi Adamjn. Just my opinion (and how I write down my trade), if you can include snap shot of the chart both before & after you enter a trade, that would be great. I think it helps a ton knowing what experience traders see and think when the set up is forming.

Thank you in advance. Looking forward to learn from your experience.

@aujla - Hi! If you google “Trading made simple” it should show up on top.

[Henry9986]

Your cow needs a bull :18:

Ok, so I am currently sat at the farm waiting on the vet due to a cow being very sick, it is 1am, I have had 3 hours sleep in the last 2 days, but I will try my best to share some info on the topic now, and them come back and edit it when my brain is working properly again. Hopefully what I say makes sense.

So, I first started trading inside bars on the 5 minute charts scalping, they occurred on a very frequent basis, giving me plenty of chances to trade them and learn how the work.

Working out which side the IB will break out is the hard part to explain and would be better explained with a video, I might make a short 5 min video tomorrow about it.

Inside bars can break out on both sides, so you could get faked out very easy, I usually like to trade them after trend line breakouts, or high momentum moves. Truthfully, I think the only way you will learn to trade IB’s is by actually trading them, but, beware.

As you may or may not know, I try and stick to a few pairs only, EJ, Gold, EU, Silver and a few others if I see very good setups. Gold is boss for IB trading, UJ sucks if you don’t know which IB to trade as there are loads of them. I will only trade an IB when it meets certain criteria, for example, a trend line break, a head and shoulders pattern or a reversal IB stopping a very high momentum candle. The setup also has to show some direction, so usually I like a pin bar to be present, depending on the setup and what price is doing, very high momentum candles are easily reversed by a small inside bar within the high momentum candle.

So, firstly, you have to look at the daily, and see where price is in relation to S/R levels, if price has broken above a resistance level, and an IB has closed above it, chances are a break higher will occur, but, it depends on how the IB closed, was it a bearish looking close, or bullish looking close. These kind of things are hard to explain in writing, I am not very good at this kind of stuff, I think I will continue this in a short video. I can’t share too much as I have private students who I teach and make videos for, and I don’t think they would be too happy. Please don’t message me about coaching, I only coach 2 people max at a time as I like to spend as much time with the person as possible in order to help them learn, and it’s free before people start saying I am advertising… Also, I don’t just coach anyone, cos most people are time wasters…

But anyway, I will make a vid and fire it up tomorrow I see a nice IB setup right now which I will enter if I get confirmation and post it tomorrow also.

If you think I am full of sh*t, please ask darth, as I have been telling him all the IB setups I have been taking for the past few week, and 80% are winners…

Here are some trades I am in right now, all taken on an IB setup.

[adamjn]

She will be in Mc Donalds any day now… Cardiac arrest n died Was a sad moment, I was going to give her an injection and she just dropped.

I genuinely want to hear how the cow is doing.

haha.

[Mr_B_A_Barracus]

[QUOTE=“adamjn;615701”]She will be in Mc Donalds any day now… Cardiac arrest n died Was a sad moment, I was going to give her an injection and she just dropped. [/QUOTE]

Ahhhh dear, that is sad. Sorry to hear that Adam.

[Henry9986]

1. IB, like PB, engulfing bar, 2BR…, is a signal for entry.

2. But PB, engulfing bar, 2BR … are directional whereas IB per se is neutral. So, other method(s) are required to determine the trade direction.

3. Like PB, engulfing bar, 2BR… not all IBs are tradable.

Just my 2 cts.

I have to put my moderator hat on and be the bad guy for a little bit. I haven’t been enforcing the thread rules here for a while because I want to cultivate a live and active thread. Although there is a fine line between blurring some of the thread rules to help improve conversation and the thread becoming wide and shallow like the Mississippi river. The thread rules are already super loose the way they stand but I am going to try and bring things back on track here. First, EA discussion needs to be taken outside of this thread to it’s own thread. If a new thread is made, I am ‘ok’ with a quick blurb being made for the new thread. I have done this myself with a number of trading topics I wanted to discuss that fell outside the scope of this thread.

Next is with chart/trade posting. I have seen this among a ton of people over the past few months, but am going to crack down on this more. All posted trades need to have at a minimum [B]1.[/B]a simple pro’s and con’s list. [B]2.[/B] trades should have a quality rating based on the simple rating system laid out on the first page. If you want your post to be extra useful, post a simple synopsis of the trade. The whole purpose of posting trades are for educational purposes, both for the poster and those reading the post. There is more value in 1 very well analyzed trade and a 100 pictures of charts with no analysis. I am flexible in these rules, especially for newcomers, but if you have been here for a while a majority of trades needs the minimum information required for this thread.

Thirdly, if the pattern isn’t approved in our accepted patterns for this thread, don’t post about it…[B]period[/B]. [B]but[/B] I am making an exception for now for inside bars. I am not ready to formally accept it into the thread until I am convinced traders can do it with clear price action rules and do it in a systematic manner that is consistently profitable. What I have found is a handful of people do it very successfully and for the rest it is almost a complete ruin for their account, because many see it as easy money. Most don’t realize it is one of the trickiest patterns to trade correctly, especially intra-day. If you are a knowledgeable inside bar trader, your posts are welcome as long as they fit the posting rules and the price action rules here(I.E. trading price pullbacks from key S/R levels, shorting from resistance, going long from support), very simple and straightforward trading rules.

I know even I slip on these rules from time to time because I am so time strapped and I know others are exactly the same. So I will be somewhat lenient, but I will be cracking down much harder from this point on to keep this thread being rich and focused, rather than wide and shallow. The readers and contributors here are [B]top notch[/B], and I know most everyone will be happy to see this thread stay focused and content rich.

[Henry9986]

One of the many pitfalls of new traders is to [B]jump from one trading system to another[/B] as they are not profitable with the former, mostly because they haven’t fully grasped it, not well experienced with it as yet & also because of some losing trades which may not be their fault, as it is a probability game as we all know it but new traders don’t realize this & expect to win every time. Most of us here probably went thru the route before to know this.

New comers to this thread are advised to read the thread from the beginning than to jump in mid-way. Yes, it takes time.

It takes years & $$$ for one to become a qualified engineer, lawyer, accountant, doctor… for a living. It is ironical that people shd think it wld take them only a few days or weeks to be able to trade profitably for a living

I don’t trade trend lines and I don’t trade inside bars

However, by way of update I decided to delete my long EURUSD pending order on the basis that there was quite a bit of resistance in the way of the trade, see tails on candles to the left and the pin bar was not quite enough of a swing low so not enough room to move

It could still work out but I thought there’s better set ups so will pass this time

[Henry9986]

Sorry to hear that!:17:

She will be in Mc Donalds any day now… Cardiac arrest n died Was a sad moment, I was going to give her an injection and she just dropped.

[leecx]

Is it better to trade a few (majors and yen crosses, gold/silver) pairs, or just to touch everything? This thread tells me that price action is valid for all liquid pairs, but I’ve seen other sources telling me it’s better to specialise in a few pairs rather than spread myself too thin. My current list consists of all the USD pairs except USD/CHF. Crosses include GBP/JPY, NZD/JPY, AUD/JPY, EUR/JPY, AUD/NZD and my gold/silver. I’m concerned because it really doesn’t take that long to check charts, and since the price signals are legit I’m actually not fully utilising my margin. I’ll take care not to trade correlated pairs in order not to double my risk.

I’m currently trading demo using FxPro, which doesn’t have stock indexes, most importantly the S&P 500. Am I losing out? From what I see S&P 500 daily signals have a very high probability of success at the 1:1 R:R ratio. I really like this broker’s interface and spread, but it just seems like without oil/indexes I’m missing out on something…

TL;DR: Trade more pairs or specialise in a few? Stock indexes - important?

[krugman25]

It sounds so mysterious when someone says “business trip” in my head it sound like your making an arms deal with Iranian gun smugglers lol.

If I told you I would have to kill you, haha. When I travel I am usually doing hardware/software testing for our product, or I am meeting with representatives from corporations, either potential customers or businesses we are wanting to partner with. I am actually flying home today, so I almost certainly won’t be writing up any articles this weekend. I travel again next week, so I will be popping in and out of the forums periodically again.